Are you struggling with debt? Dealing with mountains of expenses that you are not sure how you are going to pay? If so, you are like many other Americans; around 20% of all Americans currently spend between 50%-100% of their monthly income on debt repayment.
So, how can you ever hope to financially survive the trials of everyday life when you are fighting the uphill battle of debt? The answer lies in finding the right kind of debt relief – and to do that, you will need expert advice from a financial and legal professional.
Enough Debt to Buy a Car – or More
Statistically speaking, the average American now carries around $38,000-$40,000 in personal debt. To put that into perspective, that is enough money to purchase a vehicle- and just the starting point for the amount of debt that many people struggle with.
If that scenario sounds painfully familiar, it is because today’s society is set up to encourage consumers to buy, spend, and borrow money they do not have and cannot repay, only to end up in debt that they have no hope of repaying without assistance. Thankfully, with a little guidance, you can outsmart that system – and get a handle on your own debt before it becomes even larger!
Relief Through Consolidation and Other Means
There are several approaches to debt relief that might be worth considering, depending on the amount of debt you are in and what the source of that debt is. If you are struggling with multiple forms of personal debt – such as numerous personal loans, credit cards, etc. – it may be best to consider a debt relief consolidation program. These programs grant consumers relief from keeping track of multiple, overdue, unmanageable lines of credit by consolidating them into a single, more manageable loan to be repaid over time. While this solution may not work for everyone, it is a great help for many who find it difficult to get out from under the weight of their debt otherwise.
When you are ready to get the help you need for winning the battle against debt, contact a knowledgeable Phoenix, AZ debt relief attorney. The Law Office of Larry Karandreas can help you decide on a type of debt relief program that will work best for you and your unique situation – and help you finally gain the upper hand on debt! Contact us today.